Meanwhile in 2013, Lenovo became the King of PC globally. The synergetic effect was also worth of expectation in particular. [3][4], In an interview with the BBC, Liu said that his vision for Legend is for it "to become an industry in it its own right" and that he wants it "to be become the top enterprise across industries...not only in China, but in the whole world." 3396:HK 10.18 HKD +0.12 +1.19%. People. Legend Holdings pushes the development of start-up companies with a rich array of resources and experience accumulated over years, and helps small and mid-sized companies grow and develop. By understanding the Chinese characteristics, they gradually developed some systematic approaches of making VC investment, consequently boosting the growth of a number of outstanding start-ups in China. Who bought or sold Legend International Holdings this quarter? Longguan produces Hangzhou's famous Longjing tea. Liu Chuanzhi handed the company flags to Yang Yuanqing and Guo Wei. Liu said that Joyvio would invest in other well-known tea brands and related products. "Whatever we do has to fit into something we are doing in China," said Liu when referring to plans for overseas investment. [7] In early June 2015, the Hong Kong Stock Exchange approved Legend's planned stock offering. In 1984, Legend was set up by Liu Chuanzhi and 10 other researchers with an investment of RMB200,000 by the Institute of Computing Technology of the Chinese Academy of Sciences (ICT). In 2010 Legend Holdings made strategic investment in it and helped it to grown through value-added services. Add alert for LGDI Ticker: LGDI; CUSIP Number: 52467c100; Top investors of Legend International Holdings stock. China has the lowest number of dentists per capita among the G20. The move optimized the corporate governance structure and injected new vigor into the company. The 1990s saw great changes in the domestic PC market, when China lifted the bar of import approval and slashed tariff. Lenovo announced the acquisition of IBM’s global PC business on December 8, 2004. Since 1986, Legend had worked as an agency for IBM, AST, HP and other international PC brands, so as to accumulate investment capital, gain market understanding as well as learning from foreign companies on their management experience, hence laying grounds for the launch of PCs under its own brand. But with over 300 investments in its portfolio, staying on top of every company that Tencent has a stake in can be a little daunting. Legend Holdings, Llc is a company started on 2020-05-05 and registered under ID M05000004938. After resigning, Liu Chuanzhi undertook the position of honorary Chairman of Lenovo. [17] It markets the ThinkPad line of notebook computers and the ThinkCentre line of desktops. After the convergence is made between the three chains of industry, innovation and capital, LAM will be able to outline its strategic blueprint of focusing on in-depth development of olefin while extending to both upstream and downstream at the same time. In July 2017, Legend Holdings strategically invested in Better Sun Education Group, a leading self-run chain kindergarten group. Taking “Fund-raising and wisdom-raising for SMES to promote the growth of real economy” as its mission, it is committed to be a benchmark to the industry and carry influence within China. In June 2012, Liu stepped down as chairman of Legend Holdings, the parent company of Lenovo. [10], Joyvio announced on 30 March 2014 that it had acquired a 60 percent share of Hangzhou Longguan Tea Industrial Company for roughly 30 million yuan or about US$4.83 million. As of 12/30/2020 . The reason behind our lovely garden with other members of our community. The next month Legend invested in Eloancn, China's first peer-to-peer lending platform. [18], Legend Holdings is the largest shareholder of Lenovo, holding 30.6 percent of Lenovo's equity. Joyvio's first product was blueberries. Liu Chuanzhi and 10 other researchers set up Legend in a room of less than 20 sqm (a porter’s lodge in ICT ). It will spare no effort in rewarding its shareholders with better investment portfolios and more explicit value growth, simultaneously contributing to the economic development of China. Even though difficult, Legend blazed a unique trail of high-tech industrialization. At the same time, Legend Holdings also stressed a strengthened organizational system, talent teams and corporate culture. It has 9 business units. [21] Hony invested together with TPG Capital of the United States in STX. Legend Holdings | 2.602 follower su LinkedIn. All Listings Liu is responsible for Legend's move into food. In total, the company provided insurance solution to more than 130,000 employees for their annuities, taking 1/3 of the market share in terms of fixed-income annuity market in UK. Since the establishment in 1984, Legend Holdings has had multiple phases of leapfrog-growth under the leadership of Liu Chuanzhi, turning the company from a small IT business, as always in relentless pursuit of higher achievement, to a diversified enterprise and further into an international conglomerate. Meanwhile, Legend Holdings announced that the seafood industry will be regarded as a core pillar in the agriculture and food segment. According to the company's annual report it has been growing 40 to 50 percent per year. [20] According to Hony, its core strategy is to invest in large state-owned enterprises and restructure them to increase profits. The company is also applying the original design manufacture business model common in the technology industry in order to work effectively with small family farms and agricultural cooperatives. In 1992, Legend helped young employees to buy their own apartments by way of secured loans as a result of cooperation between Legend and CCB （‘72 Tenants’）. Under the leadership of President ZHAO John Huan and by following the philosophy of ‘Create Value. In order to promote more focused growth of its two major business, fully reflect its core value of ‘people-orientation’, and give full play to the leaders’ initiative and creativity, the company spun off in 2001 into Lenovo (HK0992) to be engaged in own-branded business and Digital China (HK0861) to specialize in agency services, distribution and system integration. After the capital increase, it will be changed from a wholly foreign-owned insurance company to a sino-foreign joint venture insurance company. Joyvio's first product was blueberries. Legend Investment Holdings Ltd. | 122 followers on LinkedIn. The consequent influx of international PC brands posed threats to domestic producers and prompt concerns about the future of Legend. It has completed the olefin deep processing industrial chain that uses methanol as the major raw material to produce high value-added products. They took a series of measures, including setting up the top leadership team - the Lenovo Executive Committee (LEC), rolling out the ‘Protect-Attack’ strategy and building a new global corporate culture. Liu said that he realises that his vision is extremely ambitious and may have to be left to his successors to implement. The new venture, named Joyvio Golden Wing Mau, became the largest full-industrial-chain fruit company and a globalized company in China. Legend Holdings kept committed to, through value creation and value discovery, cultivating and managing high-performing and high-potential investment portfolios so as to push the corporate value for continuous growth. The company is building a diversified portfolio of cannabis brands. EAL was the first state-owned enterprise in the civil aviation and air transportation sector to have transformed into an integrated aviation logistic service provider. Legend Holdings also operates financing, innovative consumption, modern agriculture investment, and other businesses. The general public, who are mostly retail investors, collectively hold 89% of Legend Holdings shares. Scegli tra immagini premium su Legend Holdings Ltd. della migliore qualità. Legend Holdings and Kailis Family formed a newly-capitalized joint venture called KB Food Group which is 90 per cent owned by Legend Holdings and 10 per cent owned by the Kailis Family. With multiple years of experience, Legend Holdings worked with CAS together and set up the Legend Institute of the CAS to identify and train entrepreneurs, incubate start-ups and facilitate industrialization of scientific research achievements. For the sake of long-term development and with full support from Legend Holdings, Digital China brought in new investors to optimize its governance structure and operational value further. If you want to know who really controls Century Legend (Holdings) Limited (HKG:79), then you'll have to look at the makeup of its share registry. It was an absolute leader in the agency service/distribution of IT products in China. During this period, the management philosophy and methodology that Legend had gained through its continuous accumulation in business operations and investments not only played a critical role in the course of Lenovo’s internationalization but was also widely adopted and used in multiple businesses invested by Legend Capital and Hony Capital. Joyvio Group, formerly known as the Agriculture and Food Division of Legend Holdings, is an investment firm under Legend’s business sector of agricultural & food. The parent company established a new vision of becoming a respectable and trustworthy investment holding company that has leading players in multiple industries, marking the commencement of Legend’s entry to a phase of diversified development. Legend Holdings Corporation (联想控股股份有限公司) is a Chinese investment holding company with interests in finance, real estate, and information technology, and the controlling shareholder of its better-known associate company, the Lenovo Group. Since the establishment of Legend Hong Kong in 1988, Legend accumulated capital through international trade and gained knowledge of the overseas market step by step, consequently setting up its manufacturing of motherboards featuring the integration of technology, production and sales. This move indicated the advancement of Legend’s ‘Strategic Focus’ and further implementation. Charts. Hony Capital strives to build a respectable and trustworthy forever-standing PE brand with absolute domestic leading edge and global influence. For Chinese companies ‘going global’, there are also important experience and lessons to learn from Lenovo’s successful internationalization, as well as the overseas investments and mergers carried out by Legend and its member companies. Legend Holdings Corp. engages in the business of strategic and financial investments. In April 2016, Legend Holdings strategically invested in Australia’s KB Seafoods to tap the global seafood industry. Employer Identification Number (EIN) / Tax ID of this company is 20-0160627. Legend Holdings Announces 2019 Annual Results, Revenue Up by 8% Key Enterprises Saw Steady Growth, Backflow of Resources Emphasized. Lenovo Group, one of its portfolio companies, was founded by Legend Holdings in 1984 and is now one of the world’s leading vendors of personal computers. Liu Chuanzhi at work during start-up period. Liu is responsible for Legend's move into food. In order to build a strong leadership and advance towards higher goals, on June 18, 2012 Legend Holdings appointed Zhu Linan, the former Standing Executive Vice President of Legend Holdings and member of the Executive Committee, as President of Legend Holdings, upon the nomination by Liu Chuanzhi and unanimous approval by the board of directors. Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission. In 1985, Legend launched its first hit product, the Chinese Character Card, and received the National Prize for Progress in Science and Technology (first class). Home Page Canada occupies the larger portion of the continent of North America. Legend spent 8 years to finish the reform from dividend right to equity, blazing a trail of ownership reform for all high-tech enterprises under scientific research institutes in China. As the highest level of management, the Executive Committee takes full responsibility of corporate management and has to perform its functions in establishing/implementing corporate development strategy, deploying/managing business, allocating resources, developing corporate policy/culture/organization, and selecting/training leaders and talents. Legend Holdings has a market capitalization of HK$23b, so it's too big to fly under the radar. It is the largest domestic car rental chain enterprise in China. On April 23, Legend Holdings received the approval from the China Securities Regulatory Commission for the company's application and became the first pilot company of "full circulation" in the H-share. While accumulating fund through trading and gaining experience of running a business, they launched Legend’s first hit product in 1985: the Chinese Character Card. In 1995, Lenovo Hong Kong reported a significant loss of HKD 195 million. Yang Yuanqing, then 29-year-old, was appointed as General Manager. While financial investments continued (VC, PE, angel investment and direct financial investment), the strategic investment further concentrated on five areas: financial services, innovative consumption and services, agriculture and food, IT and new materials. The Proprietary PC (Legend 286) launched in the domestic market in 1990. On April 28, 2003, Legend announced the new logo “Lenovo” in preparation for entering into overseas markets. Closed Book business from other life insurance companies was also acquired. Liu Chuanzhi remained the Chairman of Board of Legend and President of the Executive Committee. In 1990, proprietary branded PC came out. It was published by EA and developed by Double Fine, so is it an EA property or a Double Fine, and by extension now a XGS, property? The moves proved successful and turned the PC business from loss to profit in just two quarters. Liu Chuanzhi said he aims to bring innovation and commercial methods to the tea industry. Forbes speculated that Liu may be trying to "create a Chinese version of General Electric. Lu Yongxiang (Vice Chairman of the National People’s Congress and then-president of CAS) and Liu Chuanzhi unveiled the Legend Star Entrepreneur/CEO Training Class at the establishment of the Legend Institute of the CAS on July 14, 2008. Investors in Hony's private equity funds include numerous American and Canadian pension funds, the Bill & Melinda Gates Foundation, Goldman Sachs, and China's national social insurance fund.[20]. There are no current stakeholders of Legend International Holdings. The financial investment covers angel investment, VC and PE and strives to build outstanding enterprises to achieve leapfrog development through its years of experience in ‘Industry + Investment’. Financials. The monetary value of the deal with Hong-Kong listed Legend Holdings, announced … It has built up leading globalized industrial platforms for beverages, fruits, animal proteins and branded packaged food. With the corporate vision in front, Legend Holdings set out its mid-term development strategy as ‘to achieve leapfrog development through acquiring and building up core assets and become a listed holdings company in 5-7 years’, and developed a duel business model of ‘strategic investment + financial investment’. Today it has become an integrated financial service platform, the second largest acquirer in China by transaction volume, and a top-three operator of 3rd-party mobile payment by transaction volume. Derby County owner Mel Morris agrees a deal in principle to sell the Championship club to Derventio Holdings (UK) Limited. It became a member company of Legend Holdings in 2008. Legend Holdings innovated a dual-drive business model of “strategic investments + financial investments”. On September 19, 2014, CAR was listed in Hong Kong with the stock code 0699.HK, becoming the first car rental service provider in China to go public. On 6 April 2016, Legend Holdings announced signing of strategic cooperation agreement with the Kailis family, a well-known Australian seafood business, to form a joint venture: KB Food Group, of which Legend to hold 90% shares and the Kailis family 10%. Not only Lenovo’s practice but also Legend’s venture capital investments, entrepreneur trainings and angel investments, they are still pushing China’s technology companies for greater development. It targets the IT, consumer goods, clean technology, health care, equipment manufacturing and digital services sectors. This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and … In November 2015, Legend Holdings invested RMB 1.5 billion to set up JC International Finance & Leasing Co., Ltd. in Shanghai. [9], Joyvio entered the imported wine business in late 2013. Today Legend Star has developed a model of “Angel Investment + In-depth Incubation”, winning high level of recognition from government and wide praises from the society. 1 by market share in the second quarter of 2013, becoming the leader in the global PC market for the first time. 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